WHIZZ COIN - The future of cryptocurrency investments and payments

Whizz coin is the first cryptocurrency solution that
allow users to both invest and spend crypto
assets. The core products of Whizz coin, Whizz
Edge and Whizz Card, enable users to split their
cryptocurrency holdings in to investments and
everyday use.

WHIZZ EDGE

We believe that financial planning should be about you and your dreams. WHIZZ Edge provides afund management platform where fund managers and investor meet.InvestorsInvestors on the Whizz edge platform will be cryptocurrency investors who are either looking to maximizetheir returns or looking to diversify their assets in this new market. This year, investments in cryptocurrencyhave increased rapidly so whizz Edge will allow investors to choose their investment schemes based onhistorical returns, risk level, lock-in period, profit/loss share & fund manager ratings. The investments madeon Whizz Edge are not held by the fund managers but are executed through smart contracts.Platform where fund managers and investors come together.

Whizz edge offers:

A platform where users can sign up as fund managers or investors

Investors the chance to invest crypto assets through investment schemes created by fund managers.

Fund managers the chance to attract investors through their investment schemes

A secure and trustless platform where all the processes are executed through smart contracts.

Investors

Investors on the Whizz edge platform will be cryptocurrency investors who are either looking to maximizetheir returns or looking to diversify their assets in this new market. This year, investments in cryptocurrencyhave increased rapidly so whizz Edge will allow investors to choose their investment schemes based onhistorical returns, risk level, lock-in period, profit/loss share & fund manager ratings. The investments madeon Whizz Edge are not held by the fund managers but are executed through smart contracts.

Fund Managers

Fund managers will compete on the Whizz Edge platform by designing the best investment schemes toattract investors. The result will be an ecosystem where majority of the investors will be investing in the bestschemes generating higher returns for both whizz edge investors and fund managers.

Create Investment Schemes – Fund managers

Fund managers can create custom investment schemes through Whizz Edge. To demonstrate how this willwork, see the illustration below:Fund manager opens his account dashboard and taps on create new scheme.

Create Investment Schemes – Fund managers

Next, the fund manager can add coin and assignpercentage of the portfolio to it. The pie chart below willautomatically reflect the chosen coins and the assignedpercentage. The portfolio will not be shown to the usersand it will be encrypted so only the fund manager willknow his portfolio.Fund manager can assign the level of risk for thisstrategy. It is to be noted that since cryptocurrency arehigh risk investments so a low risk investment scheme islow risk in the context of crypto currency market.Fund manager can assign the profit share they willmake. It is recommended to use the advance options asthe options of tiered profit sharing and conditions isavailable. For example, a fund manager can decide thathe will take profits only if the returns of his scheme arehigher than BTC. Similarly, through tiered profit sharing,fund manager can increase profit share if the schemereturns achieve certain benchmarks.The lock-in period highlights the maximum amount of timea user can expect his investment to be locked up in thescheme. The fund manager can decide to end thescheme early if he foresees a drop in returns and hisprofits. There is an auto renew option through which thescheme will be renewed automatically and all the userswill get a notification if they want to sign up for the samescheme again.Next, the fund manager can decide how much will heinvest in his own investment scheme. This feature will beshown to the users to give them a sense of security thatthe fund manager will be acting in the best interests ofthe investors as the fund manager has his owninvestment in it. It is possible for a fundmanager to invest nothing but that scheme willprobably not be able to attract investors.Finally, the fund manager can put in his remarks of how he expects the policy to perform, how much returns can investorsexpect, which kind of investments are in the portfolio etc.

When the fund manager taps the submit button a historical returns chart will bedisplayed that will show the simulated returns of the investment scheme had it beenapplicable before. The actual returns will be generated with real time market rates ofthe crypto assets in the portfolio. The returns will be calculated based on dollar pricesand will be compared with returns of BTC to give users the idea of scheme performance.Suppose Jack creates a simple investment scheme with 30% XMR and 70% BTC with alock-in period of a month. BTC goes up 10% while XMR goes up 15% during this period,so Jack’s schemereturns would be11.5% versus10% for BTC.

Sign up for an investment scheme – Investors

Investors can sign up for an investment scheme through Whizz Edge with a simple process illustrated below.Investor searches for scheme with the options provided by the Whizz Edge platform.

Sign up for an investment scheme – Investors

Based on the search criteria, the relevant schemes will be shown.To see details tap on the investment scheme investor is interested in.Here, all the details of the scheme will beshown along with the returns investors canexpect. Investors can sign up for the policy andput in the investment amount or add thescheme to favorites. By adding the scheme tofavorites, investors can track the policy withoutinvesting in it.The dotted line separates the actual returnsfrom the simulated returns. The area right ofthe dotted line are the actual returns while thearea to the left are simulated returns. The simulatedreturns show the investment schemereturns had it been applicable before.

Whizz Card

Whizz Card is a fast and secure way to spendcryptocurrencies worldwide. You will not have to worryabout crypto exchange rates again as Whizz Card willoffer the best exchange rates possible without anyadditional fees allowing you to make payments viacryptocurrencies worldwide.

Design

Whizz offer you a range of innovative and exciting cardsthat is not only powered by the security of chip but alsoenable you to personalize it any way you want. Whizz cardwill be produced by DZ card, one of the leading cardproducers in the world.

How a Whizz Card funded with ETH will work

When the user uses Whizz Card funded with ETH, this is how the process will work.

Whizz card will get you the best exchange rates possible by choosing the liquidity providers thatprovides the best ETH-USD rate at the time of transaction.The details of the transaction will be emailed to the user highlighting the card number used, the amount,merchant details, transaction time and date. The fee applied by Whizz Card platform will be 0.5% touse the software on the user side while 1.5-2.3% on the merchant side.

How a Whizz Card funded with BTC will work

When the user uses Whizz Card funded with BTC, this is how the process will work.

Whizz card will get you the best exchange rates possible by choosing the liquidity providers that provides thebest BTC-USD rate at the time of transaction.The details of the transaction will be emailed to the user highlighting the card number used, the BTC-USDrate, the amount, merchant details, transaction time and date. The fee applied by Whizz Card platform willbe 0.5% to use the software on the user side while 1.5-2.3% on the merchant side.The process for using Whizz card funded with DASH/LTC/XMR/BCH will be the same as outlined in thissection.

Features

Whizz Card will provide intends to provide users with best experience possible by offering the followingfeatures:

Multiple Crypto Currency Spending

If the user has multiple currency holdings, WhizzCard will allow the user to prioritize thecryptocurrency to be used for transactions.

Fixed Percentage Spending

This allows the user to assign fixed percentages ofcryptocurrency spending.

Target Spending

Users can set limits that when a certaincryptocurrency reaches a price target, it should beused as the spending option.

Others

The other features will allow users to set spendinglimit, freeze Whizz card, and approve transactionsfor a period of time.

Whizz Card Ultimate

First 1000 contributors in the Whizz CoinICO (Pre-ICO included) will receive WhizzCard Ultimate for free along with 25%lifetime fee reduction. The spending andATM withdrawal limit of this card is twicethan that of standard Whizz Card.

Whizz Card Prestige

Top 1000 contributors in the Whizz CoinICO (Pre-ICO included) will receive WhizzCard Prestige for free along with 50%lifetime fee reduction. The spending andATM withdrawal limit of this card is thricethan that of standard Whizz Card.

Whizz Wallet

When a user decides to use the Whizz coin platfrom, he/she will have to setup a contract wallet. The userwill have to go through e-KYC after which a setup wizard will appear allowing users to customize walletsettings based on their preference. The wallet contract is a smart contract securing WHZ held by the userthrough its code. Users will have full control of their funds in the Whizz wallet and it will be available on iOSand android. The main features of Whizz wallet are:

Wallet Top-up

Fund your wallet with supported cryptocurrenciesand ERC-20 Tokens for use with WHIZZ Walletapp and WHIZZ Card

Multi Blockchain Support

Support for Bitcoin, Litecoin, Ethereum andDash.

Free P2P transfers

Free transfer of funds between WHIZZ Walletapp users.

Mobile Notications

Get instant notification for every transactionon your smartphone.

Fund Whizz Card

Fund Whizz Card to spend supported cryptocurrencies worldwide.

Fund Whizz Edge

Fund Whizz Edge to invest using the Whizzedge platform.

WHIZZ Token

Whizz coin (WHZ) is an ERC20 standard token on the ethereum blockchain with a fixed total supplyof 67.5 Million WHZ.

WHIZZ Asset Contract

The WHZ asset contract underlines the value backing Whizz coin. The fees accumulated from WhizzEdge and Whizz card will be accrued in the Whizz asset contract. Whizz coin holders will be entitledto receive the amount accumulated in this contract annually. The value distribution will bebased on the following formula:Value earned per Whizz coin annually = Fee accumulated annually/ Total no. of Whizz coinFor example, if fee accumulation in the asset contract is equivalent to $1 million annually with acirculating supply of 2 million, then the value backing 1 WHZ will be $0.5.

WHIZZ Token Sale

Whizz coin has a total supply of 67.5 million out of which 45.9 million will be sold to public. The WHZtoken sale will start with the pre-ico where users will be able to get 20% bonus tokens. Thebreakdown of token sale distribution is depicted below:

Reserve WHZ

20% of the WHZ supply will be reserve tokens. The issuance of reserve WHZ is dependent on thefuture circumstances of the Whizz Coin project. The reserve WHZ will only be issued if there areadditional funding requirements for the project.In the short term, the reserve WHZ will not be used in any way so they are not part of the yearlyearning calculations for the investors. If needed, the Whizz coin will community will decide if theissuance of reserve tokens is needed or not.

Founder and Development Team Reward

The founders and development team will be rewarded with 12% Whizz tokens. These tokens will belocked in a smart contract for six months.

Use of Funds

Core Development - 45%

Bulk of the token sale proceeds will go towards developing products for the Whizz Coin platform:Whizz Edge and Whizz Card. The Whizz wallet App will be integrated with these products asmentioned in this whitepaper.

Working Capital - 25%

To offer real time exchange rates for the Whizz Card and Whizz Edge platform, balances will bemaintained between parties using the working capital.

Marketing - 15%

To acquire new customers, targeted marketing campaigns will be used to attract potential customersto the Whizz Coin platform. In addition to that, the marketing funds will be used to pursue potentialpartnerships.

Legal- 10%

As with any other financial product, there will be legal costs to procure licenses and setupcompliance.

Legal- 5%

This amount is reserved for small expenses that will incur in setting up the Whizz Coin platform.

WHZ Token Holder Rewards

WHZ token holders will be rewarded with the amount accrued in the WHZ asset contract annually.See section 5.2 for details.

Financial

Revenue Model

The Whizz Coin revenue model is based on the fee charged to use the software of Whizz Edge andWhizz Card which is then accumulated in the WHZ asset contract.

WHIZZ Edge

Whizz Edge will have three revenue streams:

WHIZZ Card

Whizz card will generate revenue from two sources:

Roadmap:

Projections

The financial projections are based on four key metrics:

1.Average User Spend - The debit card reports show annualuser spend of an average user is from $ 3200 - $ 3500.

2. Average Investment amount – The average user tends toinvest 8-12% of the annual income so we picked the first year userinvestment to be $2800.

3. Returns - Although cryptocurrency values have soared in theyear 2017, we do not expect this to continue so we have takenan assumption that on average one investment scheme will havea 50% return annually.

4. User Acquisition – It is difficult for new businesses to predicthow users will react to the platform.Since it was difficult to gauge the User Acquisition Metric, wehave created two financial projections to inform our ICO participantsof our expectations.Complementary